Building Details

Building Size 5,305 SF

Year Built 1900

Buildings 2

Tenancy Multi

Listing Agency: Howard Hanna TheFrederickGroup

Listed By: Carrie Wilson · License #RS348789 Show Phone

Source: Bhhspaulfordrealtors

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:43PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna TheFrederickGroup

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Investment Insights

Based on property information with market context.

This mixed-use property is fully leased to two tenants across three commercial suites. The main building contains approximately 5,305 SF, with a separate 467 SF music studio, and the site provides 27 parking spaces. The building dates to 1900 and features exposed stone, hardwood floors, and wood-beam ceilings. Improvements include roof replacement in 2018, more than 20 replacement windows, updated siding, resurfaced parking, exterior lighting, interior renovations, and heat pump replacements in 2024 and 2026.

The property occupies a nearly one-acre corner lot at Trexlertown Road and Kuhns Drive in Upper Macungie Township, with access to Routes 222 and 100 and I-78. The Lesson Center occupies Suites 1 and 3, while Iron Thorn Tattoo Company leases Suite 2. The modified gross leases provide for tenant reimbursement of operating expenses.

Key Highlights

• Two tenants occupy three commercial suites; the property is fully leased
• Approximately 5,305 SF main building plus a detached 467 SF music studio
• Nearly one‑acre corner lot at Trexlertown Road and Kuhns Drive

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,416

Cap Rate

7.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,188,320 $1.2M

Cap Rate 7%

$848,800 $848.8K

Cap Rate 9%

$660,178 $660.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,772 SF

Gross rent

$103.9K $18.00/SF

− Vacancy

−$8.8K −$1.53/SF

EGI

$95.1K $16.47/SF

− OpEx

−$35.6K −$6.18/SF

NOI

$59.4K $10.29/SF

Area

Lehigh County, PA

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,188,320

Cap Rate 7%

$848,800

Cap Rate 9%

$660,178

Alternative Uses

Best Use

Mixed Use

$848.8K

$742.7K – $990.3K (±1% cap)

NOI $59,416 @ 7.0% cap · market cap 7.00%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Lesson Center Vocational School Iron Thorn Tattoo ... Tattoo & Piercing Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

298

Businesses Nearby

Explore this area Business Placement

Demographics for 18087, PA

747

Population

281

Households

2.7

Avg Household Size

40

Median Age

32%

College-Educated

96%

High-School Grad

1.1 sq mi

ZIP Area

679

Density / Sq Mi

$63,750

Median Household Income

$26,518

Median Earnings

$1,149

Median Rent

$339,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two tenants occupy the commercial suites under modified gross leases with operating-expense reimbursements.

Where is this mixed-use property located?

The property is located at 1123 Trexlertown Road Trexlertown, PA.

What is the asking price?

The asking price for this property is $849,000.

What are key features of this property?

This property features: Two tenants occupy three commercial suites; the property is fully leased; Approximately 5,305 SF main building plus a detached 467 SF music studio; Nearly one‑acre corner lot at Trexlertown Road and Kuhns Drive